Did someone call Winnie the Pooh today ? Nothing but blood, very nice downtrend. To think afterhours were more bullish than Rodeo tournaments. Trend is your friend! Anek
That was a short that was begging to be taken. On the 10k I had four bars that could not take out 1471.25 creating a small double top in a downtrend. Doesnt get much better than that.
Anek, thanks again for the journal. The ross hook, eh? Well, interlibrary loan, here I come: ISBN-10: 9768108274 Trading the Ross Hook, by Joe Ross Anyhoo, after the antics at cbot today, I think I'm gonna head on over to the ES. I pulled up a 5000 constant volume bar chart and it looked so much better than anything I've seen on the YM in a while. Smooth, little dimple ups in a nice downtrend, alot like what you are describing.
Covered the shorts on trend reversal, rode the change of a trend to around 1467 while doing several averaging ups. Very friendly day to trade. If you understand AHG and you lost money today then something really disturbing is going on with your trading. Can't get an easier day to trade. Off to get some rest, I have a date with afterhours, word is, it might a be sexy one Anek
Bog, Working on a new system that requires multiple timeframes (3) so been mixing them up. 610 tick and 5000 are fairly similar. Now that I feel more familiar with ES been doing some serious scalping on 233 ticks too. Anek
Hi A, what volume bar are you using...are you working on 5k or 1k contract bars. also would like to know when u enter...after 2 lower low do u enter close of third bar or open of third bar
Bill, 233 ticks 377 ticks 610 ticks 987 ticks 1597 ticks 5000 volume bars 10000 volume bars ....and I adjust depending on the type of day. If extremely choppy, then I just have to use 233. In general I wait for a confirmed downtrend or uptrend unless I see higher highs and higher lows after a double bottom or lower highs and lower lows after a double bottom. Before I enter I need some sort of confirmation, green/red bars, ross hooks, etc. Many ways to approach this. Anek